The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Oradea (Bihor county, North – West region) and Bucharest (Bucharest region)
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
400 jobs Number of planned job creations
Announcement Date
9 July 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
OBI, the German operator of building materials stores owned by Tengelemann Group has announced the creation of 400 new jobs by opening two stores in Oradea and Bucharest in 2008. OBI also announced its plan to invest EUR 50 million in the development of a network of 13 stores by the end of 2009. With a workforce of 38,000 employees, OBI is the fourth largest operator of building materials in the world.
Sources
10 July 2008: Ziarul Financiar
Citation
Eurofound (2008), OBI Romania, Business expansion in Romania, factsheet number 66843, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66843.
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